Our monthly economic reviews are intended to provide background to recent developments in investment markets as well as to give an indications of how some key issues could impact in the future.

It is not intended that individual investment decisions should be taken based on this information; Bruce Janman and his colleagues are always ready to discuss your individual requirements. We hope you will find this review to be of interest.

September 2008
To quote Franklin D Roosevelt from 4th March 1933, “… the only thing we have to fear is fear itself.” This is appropriate for three reasons: the current problems started in the US; we are facing a potential economic crisis similar to the one they had then already entered; and his words are probably even truer now than 75 years ago.

The ongoing financial turmoil owes a lot to exceptionally bad practice within the banking sector here and in the UK, exacerbated by greed amongst professional investors who simply failed to understand the nature of the securitised mortgage products they were taking on – at what must have looked like highly attractive terms.

Please click here RBA_Economic_Review_081008.pdf (140.60 kb) to read the full review.